KUALA LUMPUR, Aug 24 (Bernama) — AmBank has launched PayG, Malaysia’s first term loan where its size is linked to the volume of business processed through a merchant POS terminal. This will enable clients to access working capital that is aligned to the size of their business and offers greater flexibility and control. It is also part of a growing suite of solutions for SME clients under AmBank’s SME in a Box programme that not only provides financial services but is well positioned to help SME’s transition into the digital economy through its various strategic partnerships with telcos, e-commerce ventures and loyalty programmes.
“I am excited with the launch of PayG as we continue to enhance our digital solutions for SMEs. With PayG, we are able to offer our customers with quick access to working capital using data obtained through the POS terminal. Over time we will continue to enhance this offering and aim to make it even easier and quicker to access.” said Aaron Loo, Managing Director, Retail Banking, AmBank.